MyNews' CU expected to narrow losses moving forward

KUALA LUMPUR: MyNews Holdings Bhd's CU convenience store chain can be expected to continue its turnaround following the consolidation of the CU and Mynews management teams, which has helped to elevate sales and gross profit margin, says RHB Research.

The research firm said the merger between the management teams of both chains has boosted their bargaining power and enhanced their product assortment.